The Power of Optimism

Aug 10, 2013


- By Asad Dossani, Author, The Lucrative Derivative Report

Asad Dossani
The common example used to define optimism is a glass that has 50% of its contents filled. The optimist views the glass as half full, the while the pessimist views it as half empty. This definition is problematic because it implies that there is no difference in the actual outcome of the glass, just in the way we perceive it.

The truth is that optimism has real effects. Numerous studies have shown that optimistic individuals enjoy better health, have better relationships, have higher incomes, and generally better life outcomes. When an optimist faces a problem, they look for the best solution. When a pessimist faces a problem, they simply accept it as the way things are. This is the real power of optimism.Why is this important? Right now, the Indian economy is suffering. Our growth rates are falling, the rupee is tumbling, and corruption continues to get worse. Foreign investors are pulling out of the country because they don't see a bright future for India. In summary, things are not looking good right now.

There is no doubt that our economy needs fixing, and it will not be easy. But where we really need to make a change is in the way we deal with this problem. Too many of us are overly pessimistic about the future. We complain about all the problems that we face, but do not offer much in terms of solutions.For example, if you read articles about corruption in India, you will mostly find out how corrupt our politicians and businessmen are, and what scandal is coming up next. What you won't find is practical solutions to the problem of corruption. There is no optimism and no belief that we can ever reduce the problem of corruption.

We must change our mindset. When we see a problem, we must look for a solution rather than just complain about it. Granted, the average individual does not have the ability to change the system as a whole. But if each of us makes a small positive contribution, we will end up with a much better outcome overall. What the Indian economy needs now is a healthy dose of optimism.

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is a financial analyst and columnist. He actively trades his own and others' funds, investing primarily in currency, commodity, and stock index derivative products. Prior to this, he worked at Deutsche Bank as an analyst in the FX derivatives team. He is a graduate of the London School of Economics. Asad is a keen observer of macroeconomic trends and their effects on global financial markets. He is deeply passionate about educating investors, and encouraging individuals to take part in and profit from financial markets. To put it colloquially, he wishes to take Wall Street products and turn them into Main Street profits!

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18 Responses to "The Power of Optimism"

nick

Aug 11, 2013

t corruption in India, you will mostly find out how corrupt our politicians and businessmen are, and what scandal is coming up next. What you won’t find is practical solutions to the problem of corruption. There is no optimism and no belief that we can ever reduce the problem of corruption.

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Jose

Aug 11, 2013

What we need is not optimism. We need a reality check. That has nothing to do with being pessimistic. Whilst India was celebrating India Shining... the system beneath had not changed the least bit. Now when things are going from bad to worse... people start waking up. It's a shame...

Fix the Judicial system, where people who commit corruption are quickly punished or put behind bars... then this country will improve. Lack of respect for law is what is dragging us down...

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kumar

Aug 11, 2013

With all due respect mr dossani you live a good life cossetted from the day to day of life here. So please don't stand on your pedestal and tell us to be optimisrtic or pessimistic. We will deal with our day to day reality as will you. For now why dnt u just.keep ur brief to the economics. That'smore interesting to hear abt

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kumar

Aug 11, 2013

With all due respect mr dossani you live a good life cossetted from the day to day of life here. So please don't stand on your pedestal and tell us to be optimisrtic or pessimistic. We will deal with our day to day reality as will you. For now why dnt u just.keep ur brief to the economics. That'smore interesting to hear abt

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kumar

Aug 11, 2013

With all due respect mr dossani you live a good life cossetted from the day to day of life here. So please don't stand on your pedestal and tell us to be optimisrtic or pessimistic. We will deal with our day to day reality as will you. For now why dnt u just.keep ur brief to the economics. That'smore interesting to hear abt

Like 

kumar

Aug 11, 2013

With all due respect mr dossani you live a good life cossetted from the day to day of life here. So please don't stand on your pedestal and tell us to be optimisrtic or pessimistic. We will deal with our day to day reality as will you. For now why dnt u just.keep ur brief to the economics. That'smore interesting to hear abt

Like 

kumar

Aug 11, 2013

With all due respect mr dossani you live a good life cossetted from the day to day of life here. So please don't stand on your pedestal and tell us to be optimisrtic or pessimistic. We will deal with our day to day reality as will you. For now why dnt u just.keep ur brief to the economics. That'smore interesting to hear abt

Like 

Dalip Singh

Aug 10, 2013

India's foreign exchange reserves declining. India lost $3 bn last week. Now forex is $277.2 billion, much below $301 bn, 18 months...My portfolio minus 65% and going downward by the each passing day.And the less mentioned about the corruption and stupid governance add to that Chidunomics,One will be safer locking his hard earned money in FDs.Till the stock market out of the ICU.

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